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(BusinessWeek)   You're not going to believe this but it'd beginning to look like members of Congress were bought off by Countrywide   (businessweek.com) divider line 141
    More: Obvious, congresses, subprime mortgage crisis, Fannie and Freddie, Countrywide, Health and Human Services, Pete Sessions, McKeon, Angelo Mozilo  
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17268 clicks; posted to Main » on 05 Jul 2012 at 11:24 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-05 10:00:25 AM
Hey guys, welcome to the year 2009! Its gonna be a fine year. I foresee Circuit City making a HUGE comeback, a great year for the peanut industry, and Hoffa's body WILL be found this year
 
2012-07-05 10:06:26 AM

cman: Hey guys, welcome to the year 2009! Its gonna be a fine year. I foresee Circuit City making a HUGE comeback, a great year for the peanut industry, and Hoffa's body WILL be found this year


I've got an extra ticket to Michael Jackson's big comeback concert. Wanna go?
 
2012-07-05 10:12:33 AM

Vodka Zombie: cman: Hey guys, welcome to the year 2009! Its gonna be a fine year. I foresee Circuit City making a HUGE comeback, a great year for the peanut industry, and Hoffa's body WILL be found this year

I've got an extra ticket to Michael Jackson's big comeback concert. Wanna go?


Oh HELL yeah
 
2012-07-05 10:25:57 AM
Lets see if Barry O'Bummer the nutless wonder decides to call for any investigations. He can bump off a global terrorist, but he won't prosecute fraud or get any changes done that punish the guilty.

Dozens of new rules mean every day citizens and small business owners, property owners etc have to hoop-jump just to get a loan, but the criminals at the top have all cashed out and walked free.

Not the change I believed in anyway. He talked big in 08 though.
 
2012-07-05 10:30:03 AM
img.photobucket.com
 
2012-07-05 10:40:56 AM
Gee - both Ds and Rs got preferential treatment. That must mean both sides are exactly the same.
 
2012-07-05 11:26:24 AM
Am I the only one embarrassed at the name "Fannie Mae"?
 
2012-07-05 11:26:42 AM
A big corporation buying off Congress? I *wish* this was a scandal, but sadly it seems like it's business as usual.
 
2012-07-05 11:26:46 AM
You're not going to believe this but it'd beginning to look like Businessweek's website was taken down by members of Congress.
 
2012-07-05 11:27:48 AM
Not surprised, but goddammit. At least let's name names.

Among those who received loan discounts from Countrywide, the report said, were:

-Former Senate Banking Committee Chairman Christopher Dodd, D-Conn.

-Senate Budget Committee Chairman Kent Conrad, D-N.D.

-Rep. Edolphus Towns, D-N.Y., former chairman of the Oversight Committee. Towns issued the first subpoena to Bank of America for Countrywide documents, and current Chairman Darrell Issa, R-Calif., subpoenaed more documents. The committee said that in responding to the Towns subpoena, Bank of America left out documents related to Towns' loan.

-Top staff members of the House Financial Services Committee.

-A staff member of Rep. Ruben Hinojosa, D-Texas, a member of the Financial Services Committee.

-Former Housing and Urban Development Secretaries Alphonso Jackson and Henry Cisneros; and former Health and Human Services Secretary Donna Shalala. The VIP unit processed Cisneros' loan after he joined Fannie's board of directors.


For shame.
 
2012-07-05 11:27:49 AM

DarwiOdrade: Gee - both Ds and Rs got preferential treatment. That must mean both sides are exactly the same.



Can we impeach these twits who took what is basically a bribe and stick them in jail?
 
2012-07-05 11:29:21 AM
No fines; jail time for all lawmakers and executives involved. Its time to stop these people from buying their way out of being punished for their crimes.
 
2012-07-05 11:29:21 AM

wrenchboy: DarwiOdrade: Gee - both Ds and Rs got preferential treatment. That must mean both sides are exactly the same.


Can we impeach these twits who took what is basically a bribe and stick them in jail?


Sure, just like the bankers.
 
2012-07-05 11:30:19 AM
Is there anything germane to the running diatribe my Tea-Tardy brother has about the gov't forcing these banks to lend to people they shouldn't have? He swears by this but being that he is Fool-Hardy Tea-Party all the way he sswears by alot of things that make no sense to me.
 
2012-07-05 11:30:24 AM

DarwiOdrade: Gee - both Ds and Rs got preferential treatment. That must mean both sides are exactly the same.


So they are both bad? Then which party should I vote for?
 
2012-07-05 11:32:36 AM

Generation_D: Lets see if Barry O'Bummer the nutless wonder decides to call for any investigations. He can bump off a global terrorist, but he won't prosecute fraud or get any changes done that punish the guilty.

Dozens of new rules mean every day citizens and small business owners, property owners etc have to hoop-jump just to get a loan, but the criminals at the top have all cashed out and walked free.

Not the change I believed in anyway. He talked big in 08 though.


How is he supposed to prosecute the banksters when most of Congress and probably many Federal Judges, prosecutors and law enforcement agents would also have to be prosecuted at the same time? Start investigating these banks and let the chips fall where they may. Arrest everyone who has broken the law in relation to the banking collapse, and you'll see how fast he gets impeached.

Or Kennedey'ed.

You think he doesn't know this? He inherited the biggest shiat sandwich this country has ever seen, and he doesn't have the juice to start enforcing the law. The TeaBagger/von Mises/Randroid crowd would eviscerate him.
 
2012-07-05 11:33:12 AM
most ethical and transparent
 
2012-07-05 11:33:14 AM
Fannie Mae bring down our country's economy, but Fannie will help those who don't really need it.
 
2012-07-05 11:33:32 AM
You should vote for the party that had more top people saying something about how this wasn't going to turn out right but didn't do anything about it, rather than the party that actively caused the root of the problem in the first place and didn't lift a finger to stop the snowball from turning into an avalanche.

It's a matter of the lesser of the two evils.
 
2012-07-05 11:35:04 AM

Deathfrogg: You think he doesn't know this? He inherited the biggest shiat sandwich this country has ever seen, and he doesn't have the juice to start enforcing the law. The TeaBagger/von Mises/Randroid crowd would eviscerate him.


That's just what the lizard people want you to think.
 
2012-07-05 11:36:40 AM
See, if we had a good, moral Republican in the White House this would never have happened.
 
2012-07-05 11:36:45 AM
Citizens must demand a non political agency be created to investigate top government officials. With full subpeona and arrest powers. Allowing Congress to police themselves has created a "lawmakers are above the law" mentality.
 
2012-07-05 11:36:53 AM
I got a loan through Countrywide on my first house, and have to say I was treated really well. I still own that house, though BOA now owns the loan, I've had no problems. Maybe because I pay my mortgage on time, not sure. But their customer service has been fine too, whenever I've called with a question, etc.
 
2012-07-05 11:37:18 AM

paygun: Deathfrogg: You think he doesn't know this? He inherited the biggest shiat sandwich this country has ever seen, and he doesn't have the juice to start enforcing the law. The TeaBagger/von Mises/Randroid crowd would eviscerate him.

That's just what the lizard people want you to think.


And exactly how am I supposed to know you aren't one of them?
 
2012-07-05 11:38:36 AM
Meanwhile, back at the Ranch, leadership members of Congress are exempt from the Affordable Health Care Act as are Union members in good standing and ... wait for it ... Muslims.

So, Countrywide was just following Standard Operating Guidelines established by Congress when dealing with the Peeple's Bidness.

/bends over, opens pockets
 
2012-07-05 11:38:59 AM

6655321: Citizens must demand a non political agency be created to investigate top government officials. With full subpeona and arrest powers. Allowing Congress to police themselves has created a "lawmakers are above the law" mentality.


Go be rational somewhere else.
 
2012-07-05 11:39:20 AM
Wait, didn't this... But weren't they... But wasn't... I so confoos'ed.

Is Ric Romero playing a prank?
 
2012-07-05 11:40:27 AM
it's beginning to look a lot like Christm..members of Congress were bought off by Countrywide

static.ddmcdn.com
 
2012-07-05 11:41:52 AM
6655321: Citizens must demand a non political agency be created to investigate top government officials. With full subpeona and arrest powers. Allowing Congress to police themselves has created a "lawmakers are above the law" mentality.

I'm not sure of the laws name, it might be "hey go fark yourself" but I believe they already have written a law disallowing your idea.
 
2012-07-05 11:42:15 AM

ciberido: Am I the only one embarrassed at the name "Fannie Mae"?


I'm surprised a porn star hasn't claimed that name, or a variation (Fanny Mae, Fannie May, Fanny May, etc...)
 
2012-07-05 11:44:15 AM

Pants full of macaroni!!: See, if we had a good, moral Republican in the White House this would never have been made public.


Fixed it for you
 
2012-07-05 11:44:28 AM

wombatsrus: ciberido: Am I the only one embarrassed at the name "Fannie Mae"?

I'm surprised a porn star hasn't claimed that name, or a variation (Fanny Mae, Fannie May, Fanny May, etc...)


If she's a porn star, it'd better be Fannie Will.
 
2012-07-05 11:45:34 AM

Clemkadidlefark: Meanwhile, back at the Ranch, leadership members of Congress are exempt from the Affordable Health Care Act as are Union members in good standing and ... wait for it ... Muslims people with religious exemptions.

So, Countrywide was just following Standard Operating Guidelines established by Congress when dealing with the Peeple's Bidness.

/bends over, opens pockets


But nice jorb with the anti-Islam sentiment. The Amish and Christian Scientists (among others) thank you for the deflection.

// and former Sen Chris Dodd's reputation was so tarnished, he's lobbying for RIAA/MPAA to get some good cred
 
2012-07-05 11:46:03 AM

Generation_D: Lets see if Barry O'Bummer the nutless wonder decides to call for any investigations. He can bump off a global terrorist, but he won't prosecute fraud or get any changes done that punish the guilty.

Dozens of new rules mean every day citizens and small business owners, property owners etc have to hoop-jump just to get a loan, but the criminals at the top have all cashed out and walked free.

Not the change I believed in anyway. He talked big in 08 though.


"A" terrorist? You're cute.
 
2012-07-05 11:46:05 AM
Well, at least the Ds had to be bought, The R's side with companies like this for the pure joy of being evil.
 
2012-07-05 11:47:23 AM

Sticky Hands: Well, at least the Ds had to be bought, The R's side with companies like this for the pure joy of being evil.


Dude, did you just "morally equivocate" this issue? Wow...
 
2012-07-05 11:47:59 AM
Fannie Flagg

img1.bdbphotos.com

wombatsrus: ciberido: Am I the only one embarrassed at the name "Fannie Mae"?

I'm surprised a porn star hasn't claimed that name, or a variation (Fanny Mae, Fannie May, Fanny May, etc...)

 
2012-07-05 11:48:05 AM

Clemkadidlefark: Meanwhile, back at the Ranch, leadership members of Congress are exempt from the Affordable Health Care Act as are Union members in good standing and ... wait for it ... Muslims.

So, Countrywide was just following Standard Operating Guidelines established by Congress when dealing with the Peeple's Bidness.

/bends over, opens pockets


Can I have some of your drugs?
 
2012-07-05 11:50:11 AM

Sticky Hands: Well, at least the Ds had to be bought, The R's side with companies like this for the pure joy of being evil.


"Rep. Pete Sessions, R-Texas, was an exception. He told the VIP unit not to give him a discount, and he did not receive one."

Pure evil there, Sticky Arse
 
2012-07-05 11:50:13 AM

Clemkadidlefark: Meanwhile, back at the Ranch, leadership members of Congress are exempt from the Affordable Health Care Act as are Union members in good standing and ... wait for it ... Muslims.


WTF?
 
2012-07-05 11:54:15 AM

dosboot: "Rep. Pete Sessions, R-Texas, was an exception. He told the VIP unit not to give him a discount, and he did not receive one."


Have to admit, that surprised me some.
 
2012-07-05 11:55:22 AM

dosboot: Sticky Hands: Well, at least the Ds had to be bought, The R's side with companies like this for the pure joy of being evil.

"Rep. Pete Sessions, R-Texas, was an exception. He told the VIP unit not to give him a discount, and he did not receive one."

Pure evil there, Sticky Arse


You'd be better off not holding Pete Sessions up on a pedestal.
 
2012-07-05 11:55:28 AM

DarwiOdrade: Gee - both Ds and Rs got preferential treatment. That must mean both sides are exactly the same.


Shh...only non-Americans are supposed to grasp that one 90% white, male group of millionaires is like the other 92% white, male group of millionaires.

Happy July 5th!
 
2012-07-05 11:56:48 AM
You'd think we were in some type of oligarchy or something.

Nah, this is a democracy...

i174.photobucket.com
 
2012-07-05 11:56:59 AM

DarwiOdrade: Gee - both Ds and Rs got preferential treatment. That must mean both sides are exactly the same.


Not quite....... which party is fighting against better regulation???
 
2012-07-05 11:59:02 AM

Aar1012: which party should I vote for?


If you vote based on party, do us a favor and stay home on election day. Thanks.
 
2012-07-05 11:59:10 AM

MooseUpNorth: dosboot: "Rep. Pete Sessions, R-Texas, was an exception. He told the VIP unit not to give him a discount, and he did not receive one."

Have to admit, that surprised me some.


I'm pretty sure he got his through other channels. The sort of channels that don't leave paper trails.
 
2012-07-05 11:59:30 AM
it'd != it's
 
2012-07-05 12:00:11 PM
They Call it Riding the Gravy Train
"Like this Dad?"
www.wcvirtualversion.com

Why no Son, like this

4.bp.blogspot.com
 
2012-07-05 12:03:42 PM

wombatsrus: ciberido: Am I the only one embarrassed at the name "Fannie Mae"?

I'm surprised a porn star hasn't claimed that name, or a variation (Fanny Mae, Fannie May, Fanny May, etc...)


Has no special meaning in America.
 
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